Question

Which among the following is considered as a primary function of Commercial Banks ?

• A. Providing Investment Advice
• B. Advancing Loans
• C. Issuing Credit Ratings
• D. Offering Insurance Services

Answer 1

Answer:

B. Advancing Loans

FUNCTIONS OF COMMERCIAL BANKS

Functions of Commercial Banks are broadly classified into two. 

1. Primary Functions 

2. Secondary Functions 

Primary Functions

• Accepting Deposits 

• Advancing Loans 

Secondary Functions

• Agency Services 

• General utility Services